The dYdX community treasury currently holds 80.5 million vested DYDX and 19.4 million vested stDYDX

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Cointime2024/07/31 08:15

By:Cointime

dYdX has released details on dYdX DAO treasury management. As of the release date, a total of 80.5 million DYDX tokens and 19.4 million stDYDX tokens are held in the community treasury. In addition, 129.7 million DYDX tokens will be transferred from the community Vester to the community treasury by August 2026.

The assets in the community treasury are currently limited to DYDX and stDYDX tokens. If the community wishes to convert some of its assets or earn other assets, such as USDC, the lack of a legal entity may create uncertainty from a tax and regulatory perspective. In addition, having a community fund consisting of a single asset type (DYDX and liquidity staked DYDX) can bring significant volatility and concentration risk to the overall value of the fund, posing challenges for long-term financial planning and difficult to sustain DAO operations in the long run.

Furthermore, in order for dYdX DAO to succeed in the future, expanding dYdX DAO to include a treasury sub-DAO may be in the best interest of the community.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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